On February 9, 2021, Crown Realty Partners ("Crown") announced that it had launched its fifth value-add fund, Crown Realty V Limited Partnership ("Fund V"), and completed its first closing with $140 million of commitments from both institutional groups and family offices. The fund expects to complete its final closing later this year.
Crown is an integrated commercial real estate investment and management firm focused on value-add opportunities across Canada, with over two billion dollars of real assets under management. Fund V will focus on commercial real estate assets located within Canada's primary office markets, especially the Greater Toronto Area and the Greater Ottawa Area.
Robert Hull of Gowling WLG advised Canadian pension funds as investors in connection with the establishment of Fund V.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
